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Jefferies Israel Energy Summit – Pharos Energy

Pharos Energy · Dec 10, 2019 · 37 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Jefferies Israel Energy Summit – Pharos Energy – slide 1
    Jefferies Israel Energy Summit Pharos Energy plc 10 December 2019
  2. Jefferies Israel Energy Summit – Pharos Energy – slide 2
    Pharos Energy Jefferies Israel Energy Summit 10 December 2019 / 2 The Pharos Way Safety & Care Energy & Challenge Openness & Integrity Empowerment & Pragmatism & Focus Accountability We are all constantly We are always seeking new…
  3. Jefferies Israel Energy Summit – Pharos Energy – slide 3
    At a glance
  4. Jefferies Israel Energy Summit – Pharos Energy – slide 4
    Pharos Energy Jefferies Israel Energy Summit 10 December 2019 / 5 Israel Egypt Vietnam Exploration Production & Development Production & Development El Fayum Concession TGT & CNV Licences Producing fields 10 Producing fields 2 2 (8…
  5. Jefferies Israel Energy Summit – Pharos Energy – slide 5
    Pharos Energy Jefferies Israel Energy Summit 10 December 2019 / 6 Strategic Value Creation and Growth Opportunities Organic EGYPT VIETNAM ISRAEL Potential El Fayum conventional exploration TGT deep HPHT Eight blocks El Fayum…
  6. Jefferies Israel Energy Summit – Pharos Energy – slide 6
    Pharos Energy Jefferies Israel Energy Summit 10 December 2019 / 7 Operating a sustainable business Responsibility Framework Environment Society Business Ethics People Reduction initiatives c.6 million total training levy 972m taxes…
  7. Jefferies Israel Energy Summit – Pharos Energy – slide 7
    Israel
  8. Jefferies Israel Energy Summit – Pharos Energy – slide 8
    Pharos Energy Jefferies Israel Energy Summit 10 December 2019 / 9 Israel 2nd Offshore Bid Round 8 Blocks Awarded ORGANIC POTENTIAL Israel Eight Blocks Highlight of commercial terms Key fiscal terms: Concession with a royalty and…
  9. Jefferies Israel Energy Summit – Pharos Energy – slide 9
    Pharos Energy Jefferies Israel Energy Summit 10 December 2019 / 10 East Mediterranean Regional Energy Hub In The Making Israel and Egypt are becoming an energy hub for the eastern Mediterranean Israel is expected to start exporting…
  10. Jefferies Israel Energy Summit – Pharos Energy – slide 10
    Pharos Energy Jefferies Israel Energy Summit 10 December 2019 / 11 Eastern Mediterranean An Industry Success Story Tamar Play Lower Miocene deep- water clastic fans sealed by overlying shales and Messinian evaporates in…
  11. Jefferies Israel Energy Summit – Pharos Energy – slide 11
    Pharos Energy Jefferies Israel Energy Summit 10 December 2019 / 12 M&A Strategic Value Creation and Growth Opportunities Merger / RTO Transformational Bi-lateral Paper / paper mergers third party negotiations . 250 million Re-rating…
  12. Jefferies Israel Energy Summit – Pharos Energy – slide 12
    Egypt
  13. Jefferies Israel Energy Summit – Pharos Energy – slide 13
    Pharos Energy Jefferies Israel Energy Summit 10 December 2019 / 14 Pharos El Fayum - Egypt Overview The El Fayum and North Beni Suef Blocks Pharos El Fayum 20+ year in-country operating history in Numbers Oil producing asset with…
  14. Jefferies Israel Energy Summit – Pharos Energy – slide 14
    Pharos Energy Jefferies Israel Energy Summit 10 December 2019 / 15 Scalable and efficient development operations Relatively low risk development operations Infill drilling, workover and TD Reached on Average Within 20 Days waterflood…
  15. Jefferies Israel Energy Summit – Pharos Energy – slide 15
    Pharos Energy Jefferies Israel Energy Summit 10 December 2019 / 16 North Beni Suef (EGPC Block 5) New exploration block award Signing expected Q4 2019 Pharos announced as winning bidder for North Beni Suef (NBS) Concession in…
  16. Jefferies Israel Energy Summit – Pharos Energy – slide 16
    Pharos Energy Jefferies Israel Energy Summit 10 December 2019 / 17 Key Investment Highlights Reserves & Resources Drilling Operations - Large resource to be developed - Low cost operations - Geology is well understood - Simple,…
  17. Jefferies Israel Energy Summit – Pharos Energy – slide 17
    Vietnam
  18. Jefferies Israel Energy Summit – Pharos Energy – slide 18
    Pharos Energy Jefferies Israel Energy Summit 10 December 2019 / 19 Vietnam Overview Vietnam Sedimentary Basins and Petroleum Infrastructure 1996 Zero 1 billion Active in Vietnam since Lost Time Injury since Invested in Vietnam over…
  19. Jefferies Israel Energy Summit – Pharos Energy – slide 19
    Pharos Energy Jefferies Israel Energy Summit 10 December 2019 / 20 Interests in Vietnam Cuu Long Basin Phu Khanh Basin 70% W.I. and Operator of Exploration Blocks 125 & 126 30.5% W.I. in Block 16- 1; TGT Field 25% W.I. in…
  20. Jefferies Israel Energy Summit – Pharos Energy – slide 20
    Pharos Energy Jefferies Israel Energy Summit 10 December 2019 / 21 Vietnam TGT and CNV Fields TGT Field Hoang Long Joint Operating Company (HLJOC) Partners: 30.5% - Pharos; 28.5% - PTTEP; 41% - PVEP H1 2019 Net production average of…
  21. Jefferies Israel Energy Summit – Pharos Energy – slide 21
    Pharos Energy Jefferies Israel Energy Summit 10 December 2019 / 22 Phu Khanh Basin The last remaining frontier in Vietnam New Frontier Area Shallow to Deep Water Basin (water depth 50m-2500m) Undrilled in the main basin area, but a…
  22. Jefferies Israel Energy Summit – Pharos Energy – slide 22
    Pharos Energy Jefferies Israel Energy Summit 10 December 2019 / 23 Key Highlights Strong focus on safety Intensive well intervention and excellent record has enabled meeting production targets despite delayed drilling Updated…
  23. Jefferies Israel Energy Summit – Pharos Energy – slide 23
    Finance
  24. Jefferies Israel Energy Summit – Pharos Energy – slide 24
    Pharos Energy Jefferies Israel Energy Summit 10 December 2019 / 25 Funding Cycle Balance Maximising Sheet production Capital Growth Cash Flow Investing Growth from in our through Operations business developments Free Cash Flow…
  25. Jefferies Israel Energy Summit – Pharos Energy – slide 25
    Pharos Energy Jefferies Israel Energy Summit 10 December 2019 / 26 Revenues and Operating Cash Flow Revenue Stability through Hedging Capital Structure Protect RBL covenants plus cushion RBL over Vietnam - 125m Provide continuity to…
  26. Jefferies Israel Energy Summit – Pharos Energy – slide 26
    Pharos Energy Jefferies Israel Energy Summit 10 December 2019 / 27 Disciplined Capital Investment Production & Developments Low cost exploration Total Egypt Vietnam Egypt Vietnam Israel 1H 2019 7m 6m 1m 8m 22m FY 2019 19m 16m 3m 12m…
  27. Jefferies Israel Energy Summit – Pharos Energy – slide 27
    Pharos Energy Jefferies Israel Energy Summit 10 December 2019 / 28 Finance Summary Funding Flexibility in Commitment to Robust Allocation Sustainable Dividend Strong operational cash flow Low commitments Integral part of approach…
  28. Jefferies Israel Energy Summit – Pharos Energy – slide 28
    Pharos Energy Jefferies Israel Energy Summit 10 December 2019 / 29 Competitive edge in Portfolio of low risk Vietnam, Egypt and Israel organic growth through close local opportunities coupled relationships with potential…
  29. Jefferies Israel Energy Summit – Pharos Energy – slide 29
    Corporate Responsibility
  30. Jefferies Israel Energy Summit – Pharos Energy – slide 30
    Pharos Energy Jefferies Israel Energy Summit 10 December 2019 / 31 Environment Case Study To protect the environment and conserve biodiversity Reduction in GHG emissions Through Phase One utilization of associated-gas powered…
  31. Jefferies Israel Energy Summit – Pharos Energy – slide 31
    Pharos Energy Jefferies Israel Energy Summit 10 December 2019 / 32 Society Case Study To consult with and contribute into our host communities Education Support for Hearing Impaired Children Founded and managed by the Hanoi Red…
  32. Jefferies Israel Energy Summit – Pharos Energy – slide 32
    Pharos Energy Jefferies Israel Energy Summit 10 December 2019 / 33 People Case Study To ensure the health, safety, security and welfare of our employees and those with whom we work Excellent HSE performance Safety programmes build…
  33. Jefferies Israel Energy Summit – Pharos Energy – slide 33
    Appendix
  34. Jefferies Israel Energy Summit – Pharos Energy – slide 34
    Pharos Energy Jefferies Israel Energy Summit 10 December 2019 / 35 El Fayum Fiscal Take Indicative Illustration Fiscal Take Waterfall Assumptions 65 Brent per bbl Breakdown Pharos El Fayum 100% Working Interest 100% Oil Revenues…
  35. Jefferies Israel Energy Summit – Pharos Energy – slide 35
    Pharos Energy Jefferies Israel Energy Summit 10 December 2019 / 36 TGT Fiscal Take Indicative Illustration Fiscal Take Waterfall Assumptions 65 Brent per bbl Breakdown Pharos has 30.5% WI (PTTEP 28.5%, PVEP 100% Total Revenues…
  36. Jefferies Israel Energy Summit – Pharos Energy – slide 36
    Pharos Energy Jefferies Israel Energy Summit 10 December 2019 / 37 CNV Fiscal Take Indicative Illustration Fiscal Take Waterfall Assumptions 65 Brent per bbl Breakdown Pharos has 25% WI (PTTEP 25%, PVEP 50%) in 100% Total Revenues…
  37. Jefferies Israel Energy Summit – Pharos Energy – slide 37
    Investor Relations Pharos Energy Tel: 020 7747 2000 48 Dover Street London W1S 4FF United Kingdom Company No: 3300821 www.pharos.energy

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